New ethical fund due
Cornerstone promotes planners to equity partners
Simon Wigglesworth, Jen Paice, Stephen Hall and Scott Snedden (pic: contributed)
Cornerstone Asset Management has promoted three chartered financial planners to equity partners as the company positions itself as an innovative and ethical investor.
The Responsible Futures fund – launching this September – complements Cornerstone’s belief that investing in companies seeking to tackle the world’s problems, such as global warming, water shortages, inequality and poverty, offers attractive opportunities for long term growth.
It has partnered with discretionary managers who combine investment expertise with a shared passion for investing for good and the opportunities that this brings.
The new initiative will form a key part of Cornerstone’s strategy as managing director Jen Paice – appointed last September – creates a team to take the business to its next stage of growth.
Chartered planners Stephen Hall, Simon Wigglesworth and Scott Snedden are long-serving employees who now have a stake in the company as they build on an award-winning year. The chartered financial planning qualification is the ‘gold standard’ within the sector as it recognises each individual’s knowledge, ethics and professionalism. Stephen joined the company in 2011, with Simon arriving a year later and Scott three and a half years ago.
Ms Paice has worked in a number of managerial roles in the UK and also for Scottish Development International in New York. She is a former IoD Director of the Year winner for third sector businesses. Her business priorities at Cornerstone are innovation in client experience through the use of technology and growing the business.
Aside from her appointment, the firm hired Alan Whitelaw as wealth manager and Sam Harvey an administrator, both based in Glasgow.
Cornerstone recently gained Pension Transfer Gold Standard status, which highlights the Firm’s commitment to good practice and responsible company pension scheme benefits advice. It was also named Professional Adviser Firm (Scotland & NI) of 2019.
The firm has seen steady growth over the year with a priority given to investing in the business, including new offices in Glasgow and Edinburgh. It now employs 24 staff and has £400m in funds under management, an increase of 10% on the previous year.
Ms Paice said: “Simon, Stephen and Scott have made a significant contribution to Cornerstone Asset Management and I’m delighted to announce their appointment to equity partners. These promotions are testament to their financial acumen, industry knowledge and professionalism.
“We are in a period of growth and have big ambitions for our business and our new equity partners will play an important role in helping us achieve our goals.”
Cornerstone Asset Management was formed in February 2011 by Jason Hemmings, Alan Reid and Laurie Dempster. With offices in Edinburgh and Glasgow, Cornerstone is focused on wealth management and corporate financial planning.